NG ENERGY ANNOUNCES YEAR-END RESERVES AND RESOURCES AND COMMENCEMENT OF DRILLING OF HECHICERO-1X AT SINU-9

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CALGARY, AB, Feb. 23, 2026 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the Company's 2025 year-end reserves and resources for both Sinu-9 and Maria Conchita as evaluated by the Company's independent qualified reserves evaluator Sproule International Limited ("Sproule ERCE"). Reserve and Resource Highlights Total Reserves and Resources – Colombia: The table below summarizes the Company's aggregated 2025 year-end reserves and resources based on the current working interests held by the Company through MKMS Enerji Sucursal Colombia ("MKMS Colombia"), the Colombian branch of the Company's indirect wholly owned subsidiary, MKMS Enerji Anonim Sirketi S.A. ("MKMS"), in the Sinu-9 Block and Maria Conchita Block, being a 39% non-operating working interest in the Sinu-9 Block and 80% working interest in the Maria Conchita Block. The table below summarizes the Company's aggregated 2025 year-end reserves and resources as outlined in the Sinu-9 Report and Maria Conchita Report (as such terms are defined below). Sinu-9 Block (72% WI): Sinu-9 Block (39% WI):  As announced in the Company's news release dated January 6, 2026, subsequent to year-end (December 31, 2025), the Company, through MKMS and MKMS Colombia, completed its previously announced transactions with: (i) Etablissements Maurel & Prom S.A. ("Maurel & Prom" or "M&P") for the sale of a 40% operating working interest in the Sinú-9 Block for total cash consideration of US$150 million; and (ii) the minority partners at the Sinú-9 Block, together with Maurel & Prom, for the acquisition of a collective 28% working interest in the Sinú-9 Block (collectively, the "Sinu-9 Transactions"). The table below summarizes the adjusted reserves and resources reflecting the 39% non-operating working interest in the Sinú-9 Block that the Company now holds. Maria Conchita Block (80% WI): Commencement of Drilling Hechicero-1X The Company is also pleased to announce that Maurel & Prom, the operator of the Sinú-9 Block, has commenced drilling operations at the Hechicero-1X exploration well. Hechicero-1X represents the first well in a planned six-well drilling program at the Sinú-9 Block for 2026, leveraging Maurel & Prom&#3...

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